The shape of the wave is irrelevant as it can vary wildly, this can be seen by looking at previous waves.
The sole purpose of counting all these waves is to try and find out when one move ends and when a new one starts.
Looking at Router Protocol (ROUTEUSD), we have long-term higher lows and then potential start of a new bullish impulse.
Again, the waves can vary in size and shape but my point is that a new move is likely to develop to the upside rather than downside.
Namaste.
The sole purpose of counting all these waves is to try and find out when one move ends and when a new one starts.
Looking at Router Protocol (ROUTEUSD), we have long-term higher lows and then potential start of a new bullish impulse.
Again, the waves can vary in size and shape but my point is that a new move is likely to develop to the upside rather than downside.
Namaste.
Note
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